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Friday, January 28, 2022

AMC Networks Inc. (AMCX) on the Path to Profitability

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Many stocks have been testing new highs in 2020, and one of the most notable is AMC Networks Inc. (AMCX). Currently, AMCX is trading at $34.23 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $27.82.

To add more color to this target, the company’s high over the last year is $57.04 and the low is $19.62. Over the last 52 weeks, AMCX is down -39.99% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AMCX reported a profit of $390.31 million. AMC Networks Inc. also saw revenues increase to $734.38 million. In addition, AMCX has free cash flow of $185.49 million as of 03-2020 The company’s EBITDA came in at $432.38 million which compares well with its peers.

AMCX booked profit margins of 10.20%, its Return on Equity (ROE) is 49.90%, and its Return on Assets is 5.50%. All told, it is clear that, AMCX needs to be on your watchlist.

About AMC Networks Inc.

If readers are unfamiliar, AMC Networks Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats. This segment distributes its networks in the United States through cable and other multichannel video programming distribution platforms, such as direct broadcast satellite and platforms operated by telecommunications providers. The International and Other segment delivers entertaining and acclaimed programming services for subscribers in approximately 130 countries and territories. This segment also operates in independent film distribution business that distributes films across various media platforms, including theaters, cable/satellite video on demand, cable network television, streaming/downloading to internet-connected screens, and DVDs. The company also provides subscription streaming and talent management services. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AMCX has a short ratio of 7.60 and outstanding shares of 55.48M.

Company Outlook

AMCX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.84 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.38. AMC Networks Inc. AMCX also noted assets of $5.32 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AMCX has historically followed its peers on positive news.

All told, AMC Networks Inc. AMCX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AMCX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

AMC Networks Inc. AMCX is now commanding a market cap of 1.72B and a float of 38.60M. AMCX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AMCX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AMCX, either long or short, and we have not been compensated for this article.

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